COTI, as per the official announcement, is a blockchain protocol that has been specifically optimized for decentralized payments. Designed for usage by merchants, governments, payment dApps, and stablecoin issuers, COTI boasts a high transaction throughput.

Unlike traditional blockchains, COTI employs a Directed Acyclic Graph (DAG) of transactions, known as the Cluster. This unique feature enables users to process a large number of transactions quickly and at low cost.

One key aspect of COTI is its Trustchain protocol which is a trust-based system that manages relationships between buyers and sellers. It considers user behavior during transactions to assign a Trust Score. Additionally, COTI has its own native token, COTI, used for transaction processing within the network, staking for network participation, and earning rewards.

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Launched in May 2021, Internet Computer aspires to become a “world computer” capable of hosting decentralized applications (dapps). This ambition is backed by its unique Chain Key Cryptography, which promises to provide stable computing costs, thus overcoming the cost fluctuations and scalability issues plaguing traditional blockchains.

The operation of Internet Computer is underpinned by several vital components. One of these is the Network Nervous System (NNS), an open and decentralized management system that not only incorporates community proposals but also continually expands the blockchain network by adding new nodes. This system helps to maintain minimal data storage costs to facilitate on-chain dapp operation. Furthermore, it enhances user experience by allowing smart contracts on the platform to directly serve users’ HTTP requests. The platform also ensures user anonymity and adopts a reverse gas model where the developers, rather than users, bear the costs.

In terms of infrastructure, Internet Computer mirrors the decentralized nature of Bitcoin and is not dependent on centralized cloud nodes. The native token of this ecosystem, ICP, performs crucial roles in governance. Staking ICP tokens generates “Neurons” that enable holders to vote on and shape proposals, thus earning rewards in the process.

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A range of significant projects, including Flock, DeAgentAI, PolyhedraZK, iExec, OORTech, and AlphaNeuralAI, will be discussed during the AMA. The primary focus of the conversation will be the infrastructure that enables AI in the Web3 space, as well as the revolutionary developments happening in this rapidly emerging field.

For those unfamiliar, iExec is a decentralized cloud computing platform that utilizes the power of the Ethereum blockchain. It provides on-demand computing resources for decentralized applications (dApps) on its cloud. iExec’s key differentiator is its blockchain network that integrates diverse computing resources, thereby making the operation of dApps seamless by distributing their computational processes.

iExec assures effective dApp operation by shifting processing-intensive computations off-chain, allowing for uninterrupted on-chain blockchain activities to continue. This computational decentralization is achieved through XtremWeb-HEP, an open-source Desktop Grid Software. This software promotes Desktop Grid computing, which capitalizes on unused computing power from various sources for dApp processing. With XtremWeb-HEP, iExec can provide a wide range of essential features like fault-tolerance, multi-application support, and a hybrid public/private infrastructure, enabling dApps to access any computing resource within the iExec framework.

The RLC token, the native cryptocurrency of iExec, plays a pivotal role in accessing the services within the iExec infrastructure. To make use of iExec’s decentralized computing resources or any other platform-related services, users primarily interact through the RLC token.

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Ethereum co-founder Vitalik Buterin has revealed an elaborate strategy aimed at improving the privacy of the Ethereum network. In a roadmap presented on April 11, Buterin proposed the integration of privacy tools into Ether (ETH) wallets and the establishment of privacy-centric norms and features within the Ethereum ecosystem and protocol.

The roadmap serves as a short-term solution, necessitating minimal changes to the core protocol while suggesting further long-term enhancements. Buterin advocates for the inclusion of privacy-boosting systems like Railgun or Privacy Pools in existing wallets. He suggests that transactions via these wallets should offer an option to “send from shielded balance”, effectively anonymizing the transaction, ideally enabled by default.

Buterin’s recommendations extend to substantial changes in the way decentralized finance (DeFi) and decentralized applications (DApps) are constructed, proposing a limitation of “one address per application.” He recognizes this as a significant convenience sacrifice, but argues that it is crucial for unlinking individual activities across various applications.

Buterin also highlighted the need for changes to the Ethereum protocol, including the implementation of fork-choice enforced inclusion lists (FOCIL) and the Ethereum improvement proposal (EIP) 7701, aimed at enhancing censorship-resistance and improving Ethereum account abstraction respectively.

In order to implement these changes effectively, infrastructure adjustments are necessary. A short-term solution proposed by Buterin is the use of a trusted execution environment (TEE), a secure area within a processor that guarantees code and data protection. In the long-term, Buterin recommends replacing TEEs with a private information retrieval (PIR) system, a cryptographic protocol offering anonymity to users retrieving specific items from a database.

Buterin’s comprehensive strategy to enhance Ethereum privacy underscores the importance of privacy in the rapidly evolving world of cryptocurrencies and decentralized finance.

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Having taken a beating with a 50% loss in value over the past four months, Ether is currently lingering around the $2,000 threshold. The weekend’s trading saw ETHUSD prices remain steady at this level, aided by low volume and liquidity. Despite this, the market remains tough and Ether’s value seems to be in hibernation.

Most significant developments from the crypto-friendly White House administration have been fully digested by the market. What’s needed now is a fresh catalyst to rekindle investor interest and give the crypto market a much-needed boost.

What might this catalyst look like? One potential driver could be guidance from the White House’s crypto guru, David Sacks. His crypto task force recently hosted a crypto gala attended by the President and leading figures in the cryptocurrency sphere. However, the event failed to stimulate buying interest. The market is now eagerly awaiting updates from Sacks and his team about their plans to broaden the industry’s reach and lower entry barriers for everyday consumers.

Ether’s performance is particularly sensitive to greater acceptance from both Wall Street and mainstream audiences. However, Ether’s nine dedicated exchange-traded funds (ETFs) have yet to attract significant investment. These ETFs, which exclusively hold Ether, have only managed to amass approximately $6 billion in assets under management since their launch in July last year. This pales in comparison to Bitcoin’s 11 ETFs, which collectively hold around $90 billion in investments. Nonetheless, Ether serves as a vital gateway to the world of decentralized apps (dApps) and non-fungible tokens (NFTs).

The post Ether Hovers Around $2,000 After 50% Dip: What Could Trigger a Rally? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Earlier this month, TEN showcased the potential of TEE-empowered smart contracts by developing applications initially labeled as unattainable. These include order books immune to front-running, games featuring genuine hidden states, and a fully functional on-chain poker. Now, TEN is opening opportunities for builders to create applications that resonate with everyday users.

“With the combination of TEEs and Ethereum, we’ve unlocked what’s feasible,” stated Cais Manai, Product Lead at TEN. “Our ‘Zero to TEN’ initiative is about sponsoring builders who can visualize beyond the present restrictions of blockchain.”

The incubation program of TEN directly incentivizes builders to deploy on its network, leveraging the exclusive encryption and confidential computing capabilities of TEN to unlock new on-chain use cases. Selected projects through Zero to TEN will receive:

• $100,000 in direct builder support
• A share of sequencer revenue for projects that complete the program
• Marketing and BD support
• Technical development assistance

In addition, projects will also have the chance to launch their tokens exclusively on TEN’s native launchpads, like Chimp, ensuring dedicated support and a thriving ecosystem for at least half a year.

“This is beyond an ordinary grant program,” added Cais Manai. “We’re fostering an ecosystem for builders who aspire to bring crypto into the mainstream by developing what was once impossible.”

Applications are currently being accepted for the program, with limited spots available. To learn more or apply for the Zero to TEN program, visit: https://ten.xyz/

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Generally, monthly SOL futures contracts are traded at a premium compared to spot prices, due to the additional risk sellers bear with the extended settlement period. In normal market conditions, this annualized premium fluctuates between 5% to 10%. A reading below this range indicates a decrease in demand from long positions (buyers).

At first glance, the current futures discount might imply that professional traders are doubting SOL’s bullish trajectory. Nevertheless, historical data shows that such positioning doesn’t always accurately predict market direction. In many instances, institutional players, including whales and arbitrage desks, misinterpret trend reversals. When most of the market bets on trend continuation, corrections tend to be sharper, especially as market makers adjust their positions.

A similar situation occurred in early October 2024, when the SOL futures premium dropped to 2% after a 13% price descent over three days to $140. This level turned out to be a local bottom, with SOL subsequently soaring 58% in the following 40 days, reaching $222. This highlights how derivatives market sentiment often lags behind, rather than being a reliable forecaster of future trends.

To evaluate whether SOL is likely to retest the $260 mark in the near future, investors need to consider key network metrics, such as usage trends, transaction fees, and potential growth drivers. Although some critics believe that the recent memecoin craze—exemplified by the Official Trump (TRUMP) token launch on Solana—was unsustainable, other revenue sources like gaming, social networks, and gambling could sustain the bullish momentum.

Over the past month, the number of active addresses interacting with the top ten Solana decentralized applications (DApps) has risen by 21%. In contrast, Base network experienced a 27% decrease in DApp activity over the same timeframe, while Polygon and Ethereum witnessed declines of 17% and 15% respectively, as per DappRadar data.

Solana’s total value locked (TVL) grew by 5.5%, outperforming its competitors. Solana’s market share has expanded from 6.7% in October 2024 to 9.5% currently, strengthening its position as the second-largest blockchain by TVL. Major contributors to Solana’s TVL growth include Meteora, which surged 162% in 30 days, Binance Staked SOL, up by 23%, and Marinade Finance, which gained 15%. These inflows allowed Solana to generate $246 million in monthly network fees—far outpacing Ethereum’s $133 million over the same period.

However, Solana is not immune to challenges, as users continue to report failed transactions, raising ongoing concerns about network reliability. Nevertheless, in comparison to other DApp-focused blockchains, Solana’s increasing adoption strengthens its long-term outlook and lays a solid foundation for further SOL price appreciation.

Please note, this article is for informational purposes only and does not constitute legal or investment advice. The views expressed here are solely those of the author and do not necessarily represent the views of Cointelegraph.

The post Is a Price Upswing for Solana in the Cards? Onchain Metrics Signal Bullishness Amid Mixed SOL Futures appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to Blockaid, a leading Web3 security firm, the number of DApps leveraging Inferno Drainer reached 40,000 by the end of July 2024. Oz Tamir, Blockaid’s research and development lead, shared with Cointelegraph that the weekly count of new malicious DApps employing this tool has skyrocketed from 800 to 2,400.

“At the beginning of the year, we saw about 800 new malicious DApps per week. Now, that number has tripled to 2,400 per week,” Tamir revealed.

Inferno Drainer Resurfaces Amid Growing Crypto Scams

Crypto drainers like Inferno Drainer are phishing tools tailored specifically for the crypto world. These tools allow scammers to gain access to victims’ wallets by tricking them into signing token approvals, which in turn enables the theft of funds.

Although Inferno Drainer reportedly helped steal $70 million before supposedly shutting down in 2023, it has resurfaced, becoming even more active in 2024.

While Inferno Drainer seems sophisticated, Tamir argues it’s simply another tool in the scammers’ arsenal. “Scammers often choose their drainer based on what is available at the moment and what commission is taken by the drainer,” he added.

Bull Market Fuels Rise in Scammers

The sharp increase in scammers is closely linked to the current bull market in the crypto space. As more users and capital flow into the ecosystem, scammers are more motivated to invest in innovative, new attacks. Additionally, the emergence of new chains, which often lack robust security measures, presents scammers with fresh opportunities.

“As more users and money are entering the ecosystem, attackers are increasingly motivated to invest in new, novel attacks,” Tamir explained.

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The Concept of ApeChain ApeChain aims to leverage the scalability and efficiency of Arbitrum’s technology to create a blockchain platform with enhanced capabilities. This initiative is expected to open new possibilities for decentralized applications (dApps) and smart contract development, offering a robust and scalable solution for developers and users.

Potential Impact on the Blockchain Ecosystem The proposal of ApeChain by these prominent blockchain organizations could have a substantial impact on the blockchain ecosystem. It highlights the importance of collaboration and innovation in advancing blockchain technology and its applications.

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A recent report by DappRadar, a leading tracker of decentralized applications (dApps), has revealed that on-chain gaming activities accounted for over 45% of the dApp industry in the first quarter of 2023, despite a 3.33% decrease in March. Here are some key points from the report:

Polygon Emerges as Second-Largest Gaming Chain

One of the most notable findings in the report is the impressive growth of Polygon, which has become the second-largest gaming chain. The network saw a remarkable 53% increase in daily unique active wallets from the previous month.

Top Games and Performances

The report also highlights the top games in Q1 2023. Alien Worlds dominated 66% of the WAX network activities with 223,945 average daily unique active wallets, while Splinterlands claimed 99% of Hive activity. Iskra and Hunters On-Chain by BoomLand were the best-performing games in March, boasting significant monthly on-chain usage growth of 708% and 15,497%, respectively.

Substantial Growth in Virtual Worlds

Virtual worlds also experienced substantial growth, with the trade count reaching a new high of 67,165 in March. Q1 ended with 143,735 land sales and a $350 million trading volume.

Yuga Labs’ Gaming NFTs Generate $153 Million in Trading Volume

The report highlighted the impressive growth of Yuga Labs and their gaming NFTs, which generated a substantial $153 million in trading volume. Overall, investments in blockchain games and metaverse projects totaled $434 million in March, bringing the total for Q1 to $739 million.

In conclusion, despite a slight decline in March, on-chain gaming continues to be a dominant force in the dApp industry. With significant growth in Polygon, top-performing games, substantial virtual world growth, and impressive investments in gaming NFTs and metaverse projects, the future of blockchain gaming looks bright.

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